45900 Old Ox Road
45900 Old Ox Road, Sterling, VA 20166
Marketing description
KSR is exclusively retained to market 45900 Old Ox Road, a 19,600 SF single tenant industrial outdoor storage (IOS) building on a 1.76-acre lot in Sterling, Loudoun County, Virginia. The property is strategically located within the supply-constrained Dulles industrial corridor, minutes from Washington Dulles International Airport.
The asset is 100% net-leased to United Rentals Realty, LLC, the world’s largest equipment rental company and an S&P 500 constituent, under a lease originally dated July 13, 2017. The lease provides for 3% annual base rent escalations. United Rentals has recently exercised its second 3-year renewal option and would entertain exercising the final 3-year option, delivering up to six years of remaining contractual term.
This institutional-grade, credit-anchored property offers a stable and growing income stream backed by a premier tenant in a location with strong barriers to new supply.
Investment highlights
- S&p 500 credit tenant: 100% net-leased to united rentals realty, LLC (world's largest equipment rental company and s&p 500 constituent).
- Strategic dulles industrial location: located in loudoun county's supply-constrained dulles corridor, the property benefits from proximity to Washington dulles international airport and strong iOS demand.
- Up to 6 years of term: one additional 3-year renewal options provide up to six years of remaining term if exercised.
- Supply-constrained iOS site: 19,600 sf industrial outdoor storage building on 1.76 acres in loudoun county, minutes from Washington dulles international airport.
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